Weak Q1 Numbers Highlight OCZ Tech's (OCZ) Issues, But Company is on Right Path - Lazard
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OCZ Tech (OCZ) Q1 Revs Miss Views
July 15, 2013 6:32 AM EDTOCZ Technology Group, Inc. (Nasdaq: OCZ) announces selected preliminary financial results for the first quarter ended May 31, 2013, subject to customary closing and audit procedures.
Preliminary revenue for the first quarter of fiscal 2014 is estimated to be between $50 and $55 million. The sequential decrease in revenue was primarily due to the continued tight supply of NAND flash. The Company's revenue mix continued to shift towards the mainstream and higher-end client markets, as well as enterprise and OEM solutions as the Company continued to focus on these end markets. At the end of the... More
